Bitcoin Forum

- The Indian government is to ban the use of Bitcoin and other cryptocurrencies for payments, finance minister Arun Jaitley has announced, kicking Bitcoin’s already-sliding value further down the slope.[1] (http://fortune.com/2018/02/01/bitcoin-price-india/)
- Bitcoin, which briefly neared $20,000 in early December, has had a dreadful time since then, partly thanks to regulatory moves against it in South Korea. Its slide made cryptocurrency investors $44.2 billion poorer in January alone.[2] (http://fortune.com/2018/02/01/bitcoin-price-india/)
- Additional market data reflects how many other cryptocurrencies are seeing price declines during the day's session.[3] (https://www.coindesk.com/2-month-low-bitcoin-price-drops-9k/)

theymos said " The drop is clearly due to the fact that Bitcoin is backed by drama, and there has been a shortage of drama lately.  [4] (https://bitcointalk.org/index.php?topic=178336.msg29332938#msg29332938)
We're going to need some real spicy headlines like:
Mark Karpeles to reopen MtGox; initial balances set by lottery
Bitcoin Core devs call for reducing the max block size to 100kB. "Fees are too damn low!" "[5] (https://bitcointalk.org/index.php?topic=178336.msg29333730#msg29333730)

- The Indian government is to ban the use of Bitcoin and other cryptocurrencies for payments, finance minister Arun Jaitley has announced, kicking Bitcoin’s already-sliding value further down the slope.[1] (http://fortune.com/2018/02/01/bitcoin-price-india/)
- Bitcoin, which briefly neared $20,000 in early December, has had a dreadful time since then, partly thanks to regulatory moves against it in South Korea. Its slide made cryptocurrency investors $44.2 billion poorer in January alone.[2] (http://fortune.com/2018/02/01/bitcoin-price-india/)
- Additional market data reflects how many other cryptocurrencies are seeing price declines during the day's session.[3] (https://www.coindesk.com/2-month-low-bitcoin-price-drops-9k/)

theymos said " The drop is clearly due to the fact that Bitcoin is backed by drama, and there has been a shortage of drama lately.  [4] (https://bitcointalk.org/index.php?topic=178336.msg29332938#msg29332938)
We're going to need some real spicy headlines like:
Mark Karpeles to reopen MtGox; initial balances set by lottery
Bitcoin Core devs call for reducing the max block size to 100kB. "Fees are too damn low!" "[5] (https://bitcointalk.org/index.php?topic=178336.msg29333730#msg29333730)

---

---

To what extent do you think the price will decline or will rise again soon?

---

---

Sources:
[1] http://fortune.com/2018/02/01/bitcoin-price-india/ (http://fortune.com/2018/02/01/bitcoin-price-india/)
[2] http://fortune.com/2018/02/01/bitcoin-price-india/ (http://fortune.com/2018/02/01/bitcoin-price-india/)
[3] https://www.coindesk.com/2-month-low-bitcoin-price-drops-9k/ (https://www.coindesk.com/2-month-low-bitcoin-price-drops-9k/)
[4] https://bitcointalk.org/index.php?topic=178336.msg29332938#msg29332938 (https://bitcointalk.org/index.php?topic=178336.msg29332938#msg29332938)
[5] https://bitcointalk.org/index.php?topic=178336.msg29333730#msg29333730 (https://bitcointalk.org/index.php?topic=178336.msg29333730#msg29333730)